The ETF for SOL has made new progress. Last night, the SEC requested that the issuers of the proposed spot SOL ETF submit a revised S-1 form within the next week. Industry insiders believe that this ETF will be approved within 3 to 5 weeks. Additionally, there are reports that the SEC also seems willing to accept proposals that include staking mechanisms.

This is not only beneficial for SOL but also for ETH, which is why both ETH and SOL showed strong performance last night. Furthermore, Bloomberg believes that the market is about to enter the altcoin ETF summer phase and has provided the approval rates for other altcoin ETFs in 2025.

$LTC 90%, $SOL 90%, $XRP 85%, $DOGE 80%, $HBAR 80%, $ADA 75%, $DOT 75%, $AVAX 75%, $SUI 60%, $TRX uncertain. There’s not much more to say about these; they are all projects worth buying.